Buying gold at discount
China has been trying to diversify her foreign exchange reserves for
some time. We are all familiar with the figures released by the likes
of the World Gold Council about Chinese gold investment
demand, as well as statistics showing official gold imports through
Hong Kong into...
By Jan Skoyles
Vietnam is frequently cited as an example of somewhere which acknowledges gold’s role as money; it is a medium of exchange and is used as such every day. Houses come with two prices in Vietnam; the price in dong and the price in gold – gold is most often the favoured form of payment (Thiers’ law in effect).
Up until last week, three forms of money circulated in Vietnam: the dong,...
A looming flare-up in the eurozone crisis over Spain will drive the price of gold towards $2,000 (£1,255) an ounce this year, a leading consultancy predicts.
Rising fears about the region’s fourth largest economy will send a fresh flood of investment towards the “safe haven” metal, according to the annual report from Thomson...